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Australia's and New Zealand's dollars trade lower

Australia's and New Zealand's dollars traded lower versus their U.S. counterparts, today, amid the latest release of China's trade data, and the FED's latest meeting minutes having confirmed for a probable rate hike soon.

Australia's dollar lower to the U.S. dollar

The AUD/USD currency pair reached its weakest level, since September, to 0.7534, declining 0.34%.

China's trade surplus, earlier today, narrowed from the previous month's $52.05 billion to $41.99 billion for the month of September, thus not matching the analysts' estimations for a figure of $53.00 billion.

Furthermore, the Chinese nation's exports declined in September by10.0% and were much lower compared to the predictions for a 3.0% drop. Imports also fell by 1.9% and failed to meet the expectations for an increase of 1.0%.

The NZD/USD traded, after having approached the 0.7037 level, at the 0.7056 zone, 0.10% lower. Moreover, the U.S. dollar index stabilized at 97.93.

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Thursday, 13 Oct, 2016 / 11:19

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/australia-s-and-new-zealand-s-dollars-trade-lower

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